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HomeMy WebLinkAboutHousing & Redevelopment Authority Resolution 93-30ril HILA RESOLUTION 9330 APPROVING THE USE OF PROCEEDS FROM SALE OF PROPERTY KNOWN AS ROCKFORD ADDITION" FOR SEED MONEY FOR PLYMOUTH HOUSING ALLIANCE PROJECTS WHEREAS, the Plymouth Housing and Redevelopment Authority wishes to further the efforts of the Plymouth Housing Alliance. a non-profit coMontion, to develop affordable housing is the City of Plymouth; and, WHEREAS, the Plymouth H01,3 ng and Redevelopment Authority retains ownership of a property known as "Rockford Addition"; and, WHEREAS, the Plymouth Housing Alliance has agreed to develop this site with a single family home affordable to a lower income family as selected by the Plymouth Housing and Redevelopment Authority; NOW, TMMEFORE, BE IT HERBY RESOLVED BY THE PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY OF PLYMOUTH, MlNNBSOTA, that it directs the Chairman and Executive Director to enter into a commitment agreement with the Plymouth Housing Alliance as per the agreement attached to this resolution. Adopted by the Plymouth Housing and Redevelopment Authority on December 7, 1993. res/hrarock v